seekers have benefited indirectly from the Funding for Lending (FLS) scheme over the past year - but they would not have known about it.
A FLAGSHIP Welsh mortgage
guarantee scheme has been axed after its backers withdrew support - just a month after the Welsh Government set its launch date.
"Overall, the Welsh mortgage
market is in tune with the UK as a whole: stable, but still facing challenging conditions from a variety of factors."
But Welsh mortgage
payers are suffering the same pain as their counterparts in England.
The announcement in the Budget that the UK Government would roll out a PS130bn Help-to-Buy mortgage guarantee scheme to help UK buyers get onto the housing ladder from next year torpedoed the Welsh mortgage
guarantee scheme, with Mr Sargeant saying in a statement to AMs that the announcement meant the Welsh scheme would not be taken forward "as originally envisaged".
This included a Welsh mortgage
guarantee scheme to support housebuilders and help first time buyers and an energy efficiency scheme for an extra 1000 homes.
THEY made the news last month for the launch of their innovative Welsh mortgage
product range designed for first-time buyers.
Latest Welsh mortgage
figures are encouraging for those looking to step up to a bigger home
That is why I will be announcing additional resources later today to expand our empty properties initiative; deliver a Welsh Housing Bond; extend the Welsh Housing Partnership; and develop a Welsh mortgage
holders currently pay less of their income towards their mortgage payment than the rest of the UK, according to the Council of Mortgage lenders, so it is a possibility that a mortgage may work out cheaper than facing spiralling rental costs.
"The overall picture for the Welsh mortgage
market remains consistent with the UK as a whole with the country still facing a unique set of challenges from so many different fronts."
A total of 61% of Welsh mortgage
holders suggest they are worried about the prospect of increased SVRs (stand variable rates) from lenders.